I agree M/E and fundraising are harder for NGO’s or even impact startups who have concessionary returns, I’ve seen that a lot. I’m not completely sure how that translates to more (difficult to get) skills being needed by NGO entrepreneurs than for-profit entrepreneurs. There are certainly skills an NGO entrepreneur need that for-profit entrepreneurs don’t need, but I think that goes the other way too.
Thank you for the view on the 20%. I guess it depends on what you think “suits” means. To me that’s people who enjoy being a founder and have higher than average odds of being a succesful founder, and with that in mind I think the number is close to 5% than 20%.
I’m very happy CE exists, because it enables people who care to start NGO’s that solve problems they think are important. I think there are a lot of potential founders who want to start NGO’s or impact first businesses, but don’t because the organizations, people, information and infrastructure that’s out there for them lacks a lot compared to those who want to start a for-profit.
I agree M/E and fundraising are harder for NGO’s or even impact startups who have concessionary returns, I’ve seen that a lot. I’m not completely sure how that translates to more (difficult to get) skills being needed by NGO entrepreneurs than for-profit entrepreneurs. There are certainly skills an NGO entrepreneur need that for-profit entrepreneurs don’t need, but I think that goes the other way too.
Thank you for the view on the 20%. I guess it depends on what you think “suits” means. To me that’s people who enjoy being a founder and have higher than average odds of being a succesful founder, and with that in mind I think the number is close to 5% than 20%.
I’m very happy CE exists, because it enables people who care to start NGO’s that solve problems they think are important. I think there are a lot of potential founders who want to start NGO’s or impact first businesses, but don’t because the organizations, people, information and infrastructure that’s out there for them lacks a lot compared to those who want to start a for-profit.